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Eventually excessive greed bites people in the ass!
Mars FX Hedge Fund Goes Bankrupt.
$600 Million Missing,
Criminal Investigation, and Hedge Funds Want Even Less Oversight???
“…Tutera, 70, who was swindled in the GPB Capital fraud several years ago, has now sworn off hedge funds and private equity. “I’m really fed up with
Daily Archives: January 10, 2017
VW executive detained for role in “dieselgate’ fraud
Oliver Schmidt, was Volkswagen’s liaison with US environmental regulators and was arrested by the FBI in Florida on Saturday as he returned from a holiday in the US. After a bail hearing in Miami court on Monday, the a judge … Continue reading
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Equity buyers all in?
Stock prices at all time highs, valuations obscene by all historic precedents, cash levels in equity funds? Near 5 year low–about 3%. Indiscriminate buyers willing to part with cash at cyclical (and secular?) highs all in yet? US Mutual Fund … Continue reading
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Ford behind on EVs, announces catch-up plan
It looked like Ford was falling behind in electrification over the past few years with not many vehicles on the roadmap, but today’s announcement give us a better idea of the company’s commitment to EVs. It’s a lot of hybrids, … Continue reading
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